IREDA Global Green Energy Finance IFSC Limited Receives ‘BBB+/Stable’ International Credit Rating
New Delhi, March 31, 2026 – IREDA Global Green Energy Finance IFSC Limited (IGGEFIL), a wholly owned subsidiary of Indian Renewable Energy Development Agency Limited (IREDA), has been assigned a Long-Term Foreign Currency Issuer Rating of ‘BBB+/Stable’ by CareEdge Global Ratings. This is IGGEFIL’s inaugural international credit rating.The rating is on par with India’s sovereign rating and reflects the company’s institutional linkage with its parent organization, IREDA, and its strategic role in supporting the renewable energy financing ecosystem.
According to Pradip Kumar Das, Chairman of IGGEFIL and CMD, IREDA, the rating strengthens the company's global strategy and enhances its position to access international capital markets for clean energy financing. This rating is expected to contribute to diversifying funding sources and reducing borrowing costs.
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.